The market for medical tourism in the GCC is projected to grow to US$ 6,605 million by 2022. The analysis projects that sales will rise at a strong 10% CAGR over the course of the projection year. Three to six percent of the worldwide medical tourism market is made up of the combined sales in the GCC countries.
GCC countries medical tourism market is predicted to grow due to factors such as government policy and hospitality quality. Furthermore, the demand for medical tourism in GCC countries is likely to rise due to the development of world-class infrastructure that has contributed to the expansion of the medical tourism market.
Along with the high caliber of experienced surgeons and doctors, the GCC countries’ expanding number of internationally known hospitals has made GCC countries a popular medical tourism destination.
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The demand for medical tourism in GCC countries is rising due to the low expenses of consultations, housing, treatment, drugs, and surgery. Moreover, the GCC countries medical tourism market is expanding as GCC countries are among the most cost-effective areas to get healthcare services. The sales of medical tourism in GCC countries is projected to grow due to the best facilities available in industrialized economies that are significantly less expensive.
Government initiatives and programmes have also had a favourable impact on the overall growth of the medical tourism market in the GCC countries. Short-term medical visas are accessible within two days, as are long-term visas for sophisticated surgeries, official recommendations, and so on. This has considerably benefited in the creation of a consumer base, as well as immediately assisting in the process of increasing the GCC countries medical tourism market share around the world.
With global limitations projected to loosen after 2022, the GCC countries medical tourism market is anticipated to develop at a pre-pandemic rate, and the industry is anticipated to rebound. Due to the scheduled backlog of procedures in their home countries, people from wealthy countries would consider the GCC Countries as one of their options for receiving their surgeries and treatments as promptly as possible, on a fast-tracked approach.
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Key Takeaways:
- Currently, the UAE leads the GCC countries’ medical tourism industry.
- The presence of JCI approved hospitals and qualified medical personnel is projected to help to develop the market.
- Countries such as the United Arab Emirates and the Kingdom of Saudi Arabia are among the world leaders in terms of the number of JCI approved hospitals and medical institutions.
- Due to the availability of modern technology and highly qualified dental surgeons in the country, the dental treatment segment dominates the GCC countries’ medical tourism business.
- Wellness services are prominent in GCC countries due to the popularity of traditional therapies.
- The GCC nations’ warm and humid climate makes them a perfect place for relaxing and recovering from medical operations, fueling the GCC countries’ medical tourism market growth.
- Tour packages are the most popular tour type in the GCC medical tourism sector.
Key Players
- Health capital (Wellness Zone WLL)
- Thumbay Medical Tourism
- Fakhri Travel & Tourism Centre
- American Hospital Dubai
- VAID Health Care Services (VHS)
- On-time Healthcare
- Shifa International Hospitals
- Zulekha Healthcare
- Exeter Bone & Joint
- Lyfboat Technologies Pvt. Ltd
- Medsurge India
- Al Afiya Medi Tour
- Farhan Travel & Tourism
- AL Hakkim Medical Services
- Arabian Gulf Medical Tourism Agency
- Abeer Medical Group
- Inaaya Medical Tourism
Competition Landscape in the GCC Countries Medical Tourism Market
The key to staying successful in the market is anticipated to be the company’s global presence and offering end-to-end services. The strategy to maintain the competitive advantage in the market is anticipated to cater to customer needs such as the visa application process, accommodations, travel, and consultation.
Recent Developments in the GCC Countries Medical Tourism Market:
- Healthcapita (Wellness Zone WLL) offers its services on a worldwide scale and has a mobile app to enhance the user experience.
- The Dubai Health Experience (DXH) company has announced the construction of a cutting-edge specialised fertility centre, as well as a cooperation between India’s Meitra Care Network and Dubai’s Canadian Specialist Hospital for heart and lung treatments (CSH).
GCC Countries Medical Tourism Market by Category
By Treatment Type:
- Dental Treatment
- Cosmetic Treatment
- Cardiovascular Treatment
- Orthopaedic Treatment
- Neurological Treatment
- Cancer Treatment
- Fertility Treatment
- Others
By Services:
- Wellness Services
- Therapeutic Services
By Tour Type:
- Independent Traveller
- Tour Group
- Package Traveller
By Consumer Orientation:
- Men
- Women
- Children
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
By Booking Channel:
- Phone Booking
- Online Booking
- In-Person Booking
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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